manroland Reaches Terms with Works Council

OFFENBACH, GERMANY—manroland AG and the works council at the press manufacturer have agreed on a "reconciliation of interests and a social plan" that will see a reduction of about 500 jobs combined at manroland plants in Augsburg, Offenbach and Plauen, Germany, by the end of 2012. As part of the agreement, another 300 employees will be transferred to its new business unit, manroland Industrial Services, which is slated to kick off Jan. 1.